Grain News


MGEX Hits Top 15 Record Electronic Volume Month in November

Date Posted: December 2, 2013

Minneapolis—MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports November was a top 15 record electronic volume month.

Additionally, November was the 22nd highest volume month in the history of MGEX. Total Exchange volume was reported at 164,845, with 132,930 of that being electronic.

This volume represents a 28 percent increase over November 2012. Open interest came in at 58,739, a 32 percent increase over November 2012.

During November, the Exchange surpassed the previous calendar year’s total volume traded. Through November, a total of 1,374,911 contracts have traded in 2013; in 2012 1,239,741contracts traded at MGEX.

The Apple Juice Concentrate (AJC) contract saw large gains in November with 913 futures and options contracts traded, a 40 percent increase over the previous record volume month set in June 2013. Of that, 3 were futures contracts and 910 were options contracts.

This record volume included a record daily volume of 384 options contracts traded on November 21. Month end AJC open interest was reported at 564, peaking at a record of 824 open contracts on November 26.

The Hard Red Spring Wheat (HRSW) contract accounted for 163,932 contracts traded; 162,630 futures contracts and 1,302 options contracts.

Month end open interest came in at 58,175 contracts.

More information on MGEX volume and open interest can be found at www.mgex.com.

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